just curious: mortgage rates

Florenze Posted: Sep 10, 2004 12:26 PM

just curious: mortgage rates

What did you lock in at? For a conventional 30 year mortgage? We locked in two weeks ago at 5.8 . I was just wondering if this is a good deal.

februarybride Posted: Sep 10, 2004 01:23 PM

Re: just curious: mortgage rates

I haven't been looking regularly but at the beginning of this week I saw it at 6.25% so it looks like a great deal!

butterfly20 Posted: Sep 10, 2004 10:19 PM

Re: just curious: mortgage rates

ugh........ right after we locked in rates began dropping...... pricelinemortgage 30 year was at 5.375 with 0 points last i checkeed

DjPiLL Posted: Sep 11, 2004 02:37 AM

Re: just curious: mortgage rates

Not a bad deal if you locked in with 0 points. Rates are in the upper 5 percent currently.

AtticaQT Posted: Sep 11, 2004 11:20 AM

Re: just curious: mortgage rates

Posted by butterfly20

ugh........ right after we locked in rates began dropping...... pricelinemortgage 30 year was at 5.375 with 0 points last i checkeed

Can you get your rate re-negotiated - we locked in at 6.125 - and Chase re-negotiated it to 5.875 on their own accord

[email protected] Posted: Sep 11, 2004 01:21 PM

Re: just curious: mortgage rates

We got 5.75 with no closing costs. We locked in on 8/31.

butterfly20 Posted: Sep 11, 2004 07:50 PM

Re: just curious: mortgage rates

Posted by AtticaQT

Posted by butterfly20

ugh........ right after we locked in rates began dropping...... pricelinemortgage 30 year was at 5.375 with 0 points last i checkeed

Can you get your rate re-negotiated - we locked in at 6.125 - and Chase re-negotiated it to 5.875 on their own accord

we tried to ask about it... part way through the mortgage processing,and they said no- thats whats in the contract.... that we can 'pay' points to keep the current rate lock which expired....which is a HIGHER rate then their current rate fh and i dont know what to do.....

Buttafli1277 Posted: Sep 11, 2004 09:27 PM

Re: just curious: mortgage rates

If you do get points, I heard that you get the money back when you do your taxes.

DjPiLL Posted: Sep 12, 2004 03:14 AM

Re: just curious: mortgage rates

Posted by Buttafli1277

If you do get points, I heard that you get the money back when you do your taxes.

No you don't. If thats the case... people would just pay a ton of points to drop their interest rates down to nothing.

You may be able to 'deduct' your points on your taxes... but thats a far cry to actually getting it all back.